Fri, 09 Jul 2010 | BUSINESS SALE
Manchester-based law firm, Halliwells, is making a bid to gain more time to carry out its search for a buyer without entering into administration.
The firm has, for the second time, filed a notice of intention to appoint administrators, having first filed its intention on June 24. It is working with accountancy firm, BDO, to explore its options.
A statement issued by the firm said discussions were on-going and that the extension would give them time to comprehensively consider all the deals with which they were being presented.
"Halliwells continues to make good progress with its discussions for the transfer of the business to a number of other highly regarded firms of solicitors," a spokesman said.
"In light of this, Halliwells has been advised to file a second notice of intention to appoint an administrator today [7 July] which will allow until 20 July to conclude the deals."
The spokesman added that all of the parties involved were working so that the clients would see a seamless transfer with no disruption. He explained that the notice application enacts a moratorium, which serves to protect the interest of clients and stakeholders in the business.
An administrator has not yet been appointed.
The successful purchaser will acquire a fast growing, leading independent recruitment agency, providing temporary, contract, an permanent positions and solutions across various sectors nationwide.
It’s a family business, known for its reliability, its good network and competitive pricing, working for well-established builders and civil engineering companies, enjoying an excellent reputation, predominantly in Manchester and the Northwest.
This is an excellent opportunity to acquire a traditional fishmonger serving a retail, wholesale, and internet clientele, prominently situated in the heart of an affluent market town. This is a truly fully set, turnkey opportunity with an income stre...
|
25
|
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
|
24
|
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
|
24
|
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
|
25
|
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
|
24
|
|
Apr
|
Red Blaze chooses employee ownership | BUSINESS SALE
Twigworth, Gloucester-based events business Red Blaze has tr...
|
24
|
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.